InfoSight eNewsletter
Featured Post
Beware of scammers pretending to be from the CFPB
This week we confirmed that scammers are using CFPB employee’s names and imagery to try and steal your money. We’ve heard from people, specifically older adults, who were defrauded thousands of dollars from scammers pretending to be with the CFPB. If someone contacts you and says you’ve won a class-action lawsuit in a foreign country or can receive other large, unexpected amounts of money but must use the CFPB’s assistance to claim the funds, they are lying.
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Question of the Week
Question: Can we require a member to file a police report to process a Regulation E dispute? Answer: No. -
Did you know InfoSight is a FREE resource for affiliated credit unions
That’s right, InfoSight is a free member benefit for Affiliated Credit Unions. -
NCUA webinar on defending against ransomware attacks
A ransomware attack on your credit union could inflict serious financial damage and pose reputation risk. -
Update to Cybersecurity Resource Guide for Financial Institutions
The Federal Financial Institutions Examination Council, on behalf of its members, released an update to the October 2018 Cybersecurity Resource Guide for Financial Institutions. -
Federal and state financial regulatory agencies issue interagency statement on supervisory practices regarding financial institutions affected by hurricanes Fiona and Ian
The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the... -
Proposed Rule Review (Texas State-Chartered Credit Unions)
The Texas Credit Union Commission (Commission) will review and consider for re-adoption, revision, or repeal, Chapter 91, Subchapter H, concerning investments, consisting of §§91.801... -
Question of the Week
Question: Can we charge NSF and Overdraft fees and still advertise our accounts as free? Answer: Yes. While you want to be very careful regarding the terms and details of a free account, the CFPB has specified that... -
RecoveryPro Business Continuity Planning
Disruptions occur almost every day, so it’s important to have solid business continuity planning in place for the continuity of the credit union’s business operations. -
NCUA to begin Phase 3 of resuming onsite operations
In July 2021, the NCUA announced the implementation of Phase 1 of its phased approach to returning to onsite operations in Letter to Credit Unions, 21-CU-06. -
NCUA board proposes rule on member expulsion
The National Credit Union Administration Board held its first in-person open board meeting since the COVID-19 pandemic began, and its eighth open meeting of 2022, which included a live webcast, and unanimously approved two items...
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